Once a manual trade is executed in MagicTradeBot, it transitions from a pending instruction to an active bot-managed trade, inheriting all the automated management features of standard trades.
1️⃣ Active Trade Behavior
- The executed trade is treated just like any other trade placed by the bot.
All automated management features are applied, including:
- Stop-Loss (SL): Protects against excessive losses.
- Take-Profit (TP): Secures gains at predefined levels.
- Trailing: Adjusts SL/TP dynamically as the market moves in your favor.
- DCA (Dollar-Cost Averaging): Adds positions according to configured scaling rules if enabled.
2️⃣ Benefits
- Seamless integration: Manual trades immediately benefit from the same risk management and profit optimization features as automated trades.
- Consistency: Ensures all positions, whether manual or automated, follow your global trading rules.
- Reduced monitoring: Once executed, you don’t need to manually manage the trade; the bot handles everything.
3️⃣ Best Practices
- Review your manual trade settings to ensure the executed trade aligns with your risk profile.
- Combine with DCA and trailing strategies for maximum efficiency in volatile markets.
- Track executed manual trades in your dashboard to maintain visibility and historical records.
Pro Tip
Think of a manual trade as a strategic entry that, once executed, automatically joins the bot’s managed system, benefiting from all the same protections, profit strategies, and automation as standard trades.